{"id":282575,"date":"2024-04-13T13:35:09","date_gmt":"2024-04-13T08:05:09","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=282575"},"modified":"2024-04-13T13:35:09","modified_gmt":"2024-04-13T08:05:09","slug":"cto-explains-how-native-lending-protocol-will-expand-xrpl-utility-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/cto-explains-how-native-lending-protocol-will-expand-xrpl-utility-crypto-news\/","title":{"rendered":"CTO Explains How Native Lending Protocol Will Expand XRPL Utility &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Ripple, the blockchain payments firm, recently unveiled a groundbreaking proposal aimed at enhancing the utility of the XRP Ledger (XRPL). The Native Lending Protocol proposal has been spearheaded by developers Aanchal Malhotra and Vito Tumas. Moreover, it promises to revolutionize decentralized finance (DeFi) capabilities within the ecosystem.<\/p>\n<h2>Ripple Announces Native Lending Protocol Proposal For XRPL<\/h2>\n<p>The proposed protocol introduces a sophisticated framework for borrowing and lending digital assets directly on the XRPL. Furthermore, it will eliminate the need for intermediaries and fostering financial inclusion, transparency, and efficiency. Moreover, in a post on X Ripple CTO David Schwartz expressed his enthusiasm toward the proposal.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<p>In addition, he highlighted the potential of the protocol to bring new utility to the XRPL. He wrote, \u201cVery excited to see the XRP Ledger Native Lending Protocol proposal up for review and feedback \u2013 if passed, this could bring new utility to the XRPL. Together with the native DEX, this lending protocol forms a critical pillar in enabling more accessible, efficient, and transparent financial services.\u201d<\/p>\n<p>The <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/github.com\/XRPLF\/XRPL-Standards\/discussions\/190\">Native Lending Protocol<\/a> comprises three key specifications, emphasizing modularity, flexibility, and reusability:<\/p>\n<ol>\n<li><strong>XLS-64d \u2013 Pseudo-Account:<\/strong> Enables associating a single pseudo-account with multiple ledger entries for tracking balances and issuing tokens.<\/li>\n<li><strong>XLS-65d \u2013 Single Asset Tokenized Pool:<\/strong> Defines a new ledger entry for a single tokenized asset pool, enhancing asset management capabilities.<\/li>\n<li><strong>XLS-66d \u2013 Native XRPL Lending Protocol:<\/strong> Utilizes the aforementioned specifications to manage Liquidity Provider assets, introduce off-chain underwriting, on-chain agreements, and streamline loan management processes.<\/li>\n<\/ol>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<p><strong>Also Read:\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/pro-xrp-lawyer-spotlights-new-ray-of-hope-in-ripple-vs-sec-case\/\">Pro-XRP Lawyer Spotlights New Ray Of Hope In Ripple Vs SEC Lawsuit<\/a><\/strong><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<h2>Features &amp; Use Cases For Developers<\/h2>\n<p>Key features of the protocol include:<\/p>\n<ul>\n<li>Liquidity Providers depositing fungible tokens into Lending Pools to earn interest.<\/li>\n<li>Pool Delegates managing Lending Pools, attracting capital, and providing loans.<\/li>\n<li>Borrowers and Pool Delegates agreeing on loan terms off-chain, then recording them on-chain.<\/li>\n<\/ul>\n<p>Moreover, the protocol enables fixed-term loans with pre-set terms for interest-accruing loans. It bypasses the need for collateral through innovative risk management mechanisms.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<p>Furthermore, the introduction of the Native Lending Protocol not only enhances the XRPL\u2019s DeFi capabilities but also unlocks a wide range of use cases for developers. Its modular design and extensibility facilitate the development and integration of lending decentralized applications (dApps), furthering the ecosystem\u2019s growth and accessibility.<\/p>\n<p><strong>Also Read:\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/xrp-ledger-xrpl-welcomes-crucial-nft-amendment-on-mainnet\/\">XRP Ledger (XRPL) Welcomes Crucial NFT Amendment on Mainnet<\/a><\/strong><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new wp_new\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/ripple-news-cto-explains-how-native-lending-protocol-will-expand-xrpl-utility\/\">  <i class=\"fa fa-whatsapp\" \/><\/a><\/p>\n<div>\n                                <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new tw_new_logo\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/ripple-news-cto-explains-how-native-lending-protocol-will-expand-xrpl-utility\/\"><\/p>\n<p><\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>          &lt;!&#8211; <\/p>\n<div class=\"m-on pl-2 pr-2\">\n<div class=\"row\">\n<div class=\"col-6 pr-2\">\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n<p>            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-7-crypto-marketing-firms-of-the-year\/?utm_source=abovesidebartabnews&amp;utm_medium=organicarticle\"><\/p>\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" decoding=\"async\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\"><\/div>\n<div class=\"Sponserdtent_2 mt-2\">Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n<p>            <\/a><\/p><\/div>\n<\/p><\/div>\n<div class=\"col-6 pl-2\">\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n<p>            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-10-web-3-games-to-explore-in-2023-here-list\/?utm_source=priceanalysisbar&amp;utm_medium=organicarticle\"><\/p>\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" decoding=\"async\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\"><\/div>\n<div class=\"Sponserdtent_2 mt-2\">Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n<p>            <\/a><\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>                    &#8211;&gt;<\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA191258\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n&lt;!&#8211;<\/p>\n<div class=\"getAuthoname\"><\/div>\n<p>&#8211;&gt;<\/p>\n<p>CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. 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The Native Lending Protocol proposal has been spearheaded by developers Aanchal Malhotra and Vito Tumas. Moreover, it promises to revolutionize decentralized finance (DeFi) capabilities within the ecosystem. Ripple Announces Native Lending Protocol Proposal For XRPL [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":236874,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-282575","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/282575","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=282575"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/282575\/revisions"}],"predecessor-version":[{"id":282581,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/282575\/revisions\/282581"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/236874"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=282575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=282575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=282575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}